Zerodha clocked Rs 4,700 crore in profits for FY24; expect new F&O rules to dent revenue by 30-50%: Nithin Kamath

Stock broking platform Zerodha has crossed Rs 8,370 crore in revenue and around Rs 4,700 crore in profits in FY24, said cofounder and chief executive Nithin Kamath in a blog post on Tuesday. While the business has shown strong growth over the last few years, Kamath reiterated that Sebi’s regulatory changes will adversely impact the company’s top line. Sebi’s ‘true to label’ circular will result in a 10% drop in revenues and its new rules around index derivatives will create a 30% to 50% drop in revenues for the company.